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#7263

I think Intuition is correct, but that usage has not found its way into dictionaries yet.
Definition of SWAG

1
: sway 1

2
a : something (as a decoration) hanging in a curve between two points : festoon

b : a suspended cluster (as of evergreen branches)

3
a : goods acquired by unlawful means : loot

b : spoils, profits

4
: a depression in the earth

5
chiefly Australian : a pack of personal belongings